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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Revenue $ 17,519 $ 20,028 $ 18,344
Cost of revenue (COR) 6,500 6,257 5,968
Gross profit 11,019 13,771 12,376
Research and development (R&D) 1,863 1,670 1,554
Selling, general and administrative (SG&A) 1,825 1,704 1,666
Acquisition charges 0 0 142
Restructuring charges/other 0 257 54
Operating profit 7,331 10,140 8,960
Other income (expense), net (OI&E) 440 106 143
Interest and debt expense 353 214 184
Income before income taxes 7,418 10,032 8,919
Provision for income taxes 908 1,283 1,150
Net income $ 6,510 $ 8,749 $ 7,769
Earnings per common share (EPS):      
Basic (in dollars per share) $ 7.13 $ 9.51 $ 8.38
Diluted (in dollars per share) $ 7.07 $ 9.41 $ 8.26
Average shares outstanding:      
Basic (in shares) 908 916 923
Diluted (in shares) 916 926 936
Diluted EPS:      
Net income $ 6,510 $ 8,749 $ 7,769
Income allocated to RSUs (33) (39) (33)
Income allocated to common stock for diluted EPS $ 6,477 $ 8,710 $ 7,736